Company description

PFBC, with ticker symbol PFBC, is a leading bank holding company that operates primarily through its subsidiary, Pacific Western Bank. The company has a strong presence in the West Coast, with branches in California, Oregon, Arizona, and Nevada. Known for its community-focused approach, PFBC offers a wide range of financial services, including commercial and consumer lending, depository, and treasury management services. Founded in 1982, PFBC has steadily grown through strategic acquisitions and organic expansion. As of June 2021, the company has total assets of $33.5 billion and a strong balance sheet with a cash position of $11.9 billion. It is listed on the Nasdaq Global Select Market and has consistently reported strong financial performance, with a return on assets of 2.07% in 2020. PFBC places a strong emphasis on innovation and technology, offering digital banking services and investing in the latest technology to enhance customer experience and efficiency. The company also prioritizes community involvement and has a long history of supporting local charitable causes and organizations. In recent years, PFBC has received notable recognition, including being named one of the Best Banks to Work For by American Banker for six consecutive years and being ranked #8 on Forbes' 2021 list of America's Best Banks. In summary, PFBC is a well-established and highly reputable bank holding company, known for its strong financial performance, community focus, and commitment to innovation. With a